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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (201852)	5/12/2009 2:02:32 PM
From: Think4Yourself	Respond to of 306849

2005 prices are about one half today's market value. It will take decades for that house to be worth what it could have sold for in 2005, if it even happens. I keep thinking about that real estate "mogul" that was interviewed snapping up properties in 2006, saying that he couldn't lose. Remember him? He was out in either Vegas or Phoenix. When they asked him what he'd do if prices kept going down, he smiled and said "buy some more!". I wonder where he's sleeping tonight.